While we understand the premise, seeing gold and silver explode on the upside from a revival of US rate cut hopes appears to be an overreaction.
In fact, outside market impacts from treasuries, currencies, and oil prices this morning are not registering noted action seemingly indicating the metals rallies are occurring in isolation.
Sentiment is so bullish that expectations toward US CPI and PPI next week are factoring in a downtick in inflation which in turn translates into higher rate cut expectations...[MORE]
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